Barracuda Networks Director Sells $807,500 in Stock (CUDA)
Barracuda Networks (NYSE:CUDA) Director Dean M. Drako unloaded 25,000 shares of Barracuda Networks stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $32.30, for a total value of $807,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Barracuda Networks (NYSE:CUDA) traded up 2.66% during mid-day trading on Thursday, hitting $33.97. 85,157 shares of the company’s stock traded hands. Barracuda Networks has a 1-year low of $18.63 and a 1-year high of $44.40. The stock has a 50-day moving average of $29.41 and a 200-day moving average of $31.6. The company’s market cap is $1.734 billion.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.05. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $59.67 million. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Barracuda Networks will post $0.14 EPS for the current fiscal year.
A number of analysts have recently weighed in on CUDA shares. Analysts at Topeka Capital Markets initiated coverage on shares of Barracuda Networks in a research note on Wednesday, June 18th. They set a “buy” rating and a $38.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Barracuda Networks from a “neutral” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $39.50 price target on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Barracuda Networks in a research note on Friday, April 4th. They set an “outperform” rating and a $40.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $31.69.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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